You are considering buying a condominium located in Sandy Hill neighborhood. The condominium is listed for $350,000. Assume that the (quoted) mortgage rate is 3.0% and that you just have the 10% (of the price of the condominium) needed for the down payment. Assuming that the 3% mortgage rate is fixed for a period of 10 years. What will your monthly mortgage payment be if you want to pay your mortgage in 10 years?

a) $5419.22

b) $1343.64

c) $3041.66

d) $4779.63

e) Not enough information